Industry Analysis & Industry Trends
In 2011, revenue within the Photographic Equipment Retailers industry in China is forecast to total $750.2 million, up 8.2% for the year, with annualized growth over the previous five-year period of 9.6%. The industry is expected to have a total of 952 enterprises with 1,496 establishments around China. The industry is forecast to employ about 10,850 people with a payroll of $20.7 million.
Higher average household disposable incomes and improved living standards in China have contributed to higher demand for cameras in recent years. The Beijing Olympics in August 2008 boosted industry revenue in 2007 and 2008 as more people purchased cameras and photographic equipment to photograph the various sporting events.... purchase to read more
Industry Report - Industry Investment Chapter
In the Photographic Equipment Retailers industry in China, research and development activities are not necessary. Although some large player will invest in the development of new cameras and accessories, this industry in general has very limited research and development levels.
Digital cameras have become widespread in recent years. However, some technological specifications of a camera are still critical when buying a camera. Therefore technical skills and knowledge are required for employees to assist customers in choosing the appropriate type of camera. Employees are also required to perform basic repair or examinations of different types of cameras.
Since retailers in this industry often only need small outlets to operate, outlets are often rented rather than purchased... purchase to read more